Leveraged ETFs
542 ETFs · AUM: $175.41B
Leveraged ETFs use financial derivatives and debt to amplify the daily returns of an underlying index, typically by 2x or 3x. These funds are powerful tools for short-term traders who want magnified exposure to market movements without using margin accounts, but they come with significant risks that make them unsuitable for most long-term investors.
Popular leveraged ETFs include TQQQ (ProShares UltraPro QQQ), which provides 3x daily exposure to the NASDAQ-100, UPRO (ProShares UltraPro S&P 500), which delivers 3x daily returns of the S&P 500, and SOXL (Direxion Daily Semiconductor Bull 3X Shares), which offers 3x leveraged exposure to the semiconductor sector.
Leveraged ETFs are designed for single-day holding periods. Due to daily compounding, these funds can deviate significantly from their expected multiple over longer timeframes, especially in volatile or sideways markets. In a choppy market, a 3x leveraged ETF can lose money even when the underlying index is flat, a phenomenon known as volatility decay. TQQQ has attracted a large following among aggressive traders due to the NASDAQ-100's strong trending behavior, but it lost over 75% during the 2022 drawdown. These instruments require active monitoring and strict risk management.
542 ETFs found
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| Symbol▼ | Fund Name▼ | AUM▼ | Price▼ |
|---|---|---|---|
| MVLL | GraniteShares 2x Long MRVL Daily ETF | $419.1M | $31.56 |
| UCO | ProShares Ultra Bloomberg Crude Oil | $416.5M | $42.89 |
| NVDX | T-REX 2X Long NVIDIA Daily Target ETF | $405.0M | $18.00 |
| SDS | ProShares - UltraShort S&P500 | $402.3M | $54.73 |
| BOIL | ProShares Ultra Bloomberg Natural Gas | $401.8M | $20.45 |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X Shares | $357.4M | $70.97 |
| SPXS | Direxion Daily S&P 500 Bear 3X ETF | $355.3M | $24.86 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | $346.1M | $136.48 |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | $340.5M | $18.97 |
| URTY | ProShares - UltraPro Russell2000 | $336.6M | $83.67 |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | $317.3M | $223.81 |
| IRE | Defiance Daily Target 2X Long IREN ETF | $312.9M | $9.54 |
| INTW | GraniteShares 2x Long INTC Daily ETF | $309.3M | $17.49 |
| TBT | ProShares - UltraShort 20+ Year Treasury | $304.9M | $37.50 |
| MRRL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B | $293.8M | — |
| UVXY | ProShares - Ultra VIX Short-Term Futures ETF | $289.7M | $18.99 |
| AMZU | Direxion Daily AMZN Bull 2X ETF | $288.3M | $37.38 |
| SPUU | Direxion Daily S&P 500 Bull 2X ETF | $285.2M | $224.26 |
| DWT | VelocityShares 3x Inverse Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $277.1M | — |
| LITX | Tradr 2X Long LITE Daily ETF | $271.1M | $32.51 |
| UVIX | 2x Long VIX Futures ETF | $268.4M | $42.31 |
| ERX | Direxion Daily Energy Bull 2X ETF | $265.8M | $105.21 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | $263.4M | $43.82 |
| ETHT | ProShares - Ultra Ether ETF | $251.7M | $16.85 |
| UWM | ProShares - Ultra Russell2000 | $251.6M | $65.65 |
| REML | Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN | $243.7M | $5.99 |
| TZA | Direxion Daily Small Cap Bear 3X ETF | $240.2M | $38.88 |
| MORL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN | $236.8M | — |
| RKLX | Daily Target 2X Long RKLB ETF | $226.3M | $16.47 |
| ORCX | Daily Target 2X Long ORCL ETF | $222.2M | $22.07 |
| QID | ProShares - UltraShort QQQ | $220.9M | $14.53 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | $217.0M | $8.54 |
| NOWL | GraniteShares 2x Long NOW Daily ETF | $213.5M | $6.43 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | $212.5M | $21.42 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | $201.6M | $41.35 |
| CURE | Direxion Daily Healthcare Bull 3X ETF | $195.2M | $142.60 |
| IONX | Defiance Daily Target 2X Long IONQ ETF | $193.1M | $24.75 |
| MSTX | Daily Target 2X Long MSTR ETF | $187.6M | $13.05 |
| AAPU | Direxion Daily AAPL Bull 2X Shares | $186.2M | $39.83 |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | $183.4M | $23.25 |
| AVL | Direxion Daily AVGO Bull 2X Shares | $177.0M | $36.50 |
| SMCX | Daily Target 2X Long SMCI ETF | $174.4M | $12.45 |
| SDOW | ProShares - UltraPro Short Dow30 | $170.4M | $22.79 |
| EDC | Direxion Daily MSCI Emerging Markets Bull 3X Shares | $166.6M | $80.02 |
| FBL | GraniteShares 2x Long META Daily ETF | $161.8M | $20.71 |
| TSLT | T-REX 2X Long Tesla Daily Target ETF | $157.8M | $12.21 |
| AVGX | Daily Target 2X Long AVGO ETF | $157.5M | $38.42 |
| MVV | ProShares - Ultra MidCap400 | $156.3M | $89.85 |
| MRVU | Direxion Daily MRVL Bull 2X ETF | $151.4M | $127.18 |
| SBIT | ProShares - UltraShort Bitcoin ETF | $151.1M | $36.63 |